Research On The Impact Of Population Aging On The Value Added Of Service Industry

As China has entered the middle and late stages of industrialization,the industrial structure is gradually transforming from an "industrial economy" to a "service economy".Under the circumstance that the service industry needs to be further accelerated,and my country is facing the problem of aging at present and in the future for a long time,it is necessary to study the impact of population aging on the added value of the service industry.This paper mainly focuses on the influence of population aging on the added value of the service industry.Through the research on the provincial panel data in my country from 2006 to 2019,the fixed effect model is used to explore the impact of population aging on the added value of the service industry,and the mediation effect model is used to test the population Mechanisms by which aging affects value added in the service sector.The results show that: from the national level,population aging promotes the growth of the added value of the service industry by increasing the consumption demand of the elderly and forcing enterprises to replace labor with technology,and also inhibits the increase of the added value of the service industry by hindering the accumulation of human capital.But in general,the net effect of population aging on the added value of the service industry is positive.In terms of regions,the impact of aging population on value-added of service industry varies from region to region,and the central and western regions are stronger.According to the conclusion,make the following recommendations:(1)Accelerate the development of life-oriented services for the elderly,provide diversified and multi-level services for the elderly,and improve the accessibility and convenience of life services for the elderly.(2)To meet the rigid needs of the elderly,vigorously develop the development of service industries such as geriatric medical care and rehabilitation nursing.(3)Develop the third pillar commercial endowment insurance and provide a variety of endowment financial products.(4)Strengthen the education of the elderly,improve the effective supply of labor resources,encourage the elderly to re-employ,and achieve old age.(5)Each region establishes corresponding service industry structure based on regional comparative advantage and regional gradient difference of population age structure.